How To Make Money Today: USD/CAD Daily Market Analysis and Forex Trading Signals 10 February 2022

To assist you to make a good day-trading selection, we’ll cover the newest forex market analysis. Make more money today with our market analysis. You must know how to trade first and have at least a simple understanding of chart patterns. Aside from that, we’ll cover some basic tips and methods that can aid anybody curious in day trading strategies. So let’s start by looking at some charts from today…

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USD/CAD:

On the H4, with prices moving below the ichimoku cloud, we see a potential drop to our 1st support at 1.25644 in line with horizontal overlap support and 161.8% Fibonacci projection from our 1st resistance at 1.26664 in line with horizontal overlap resistance. Alternatively, price may break 1st resistance structure and head for 2nd resistance at 1.27779, in line with the horizontal swing high resistance.

Areas of consideration:

H4 time frame, 1st support at 1.25644
H4 time frame, 1st resistance at 1.26664

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